What happened?
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has warned about an imminent global monetary collapse. He suggests that people should buy Bitcoin, gold, and silver to protect themselves from what he calls the “biggest debt bubble in history.” This warning comes amid concerns over the U.S. national debt, which has skyrocketed to $37 trillion.
Who does this affect?
The warning affects savers who hold onto traditional fiat money and bonds, as Kiyosaki believes they will be “biggest losers” when a financial collapse occurs. Conversely, those who have invested in hard assets like Bitcoin, gold, and silver may come out financially stronger. The issue also impacts taxpayers as increasing debt could lead to cuts in essential services like Social Security and Medicare.
Why does this matter?
This warning is significant for markets as it underscores growing concerns about the sustainability of the current financial system. The rising U.S. national debt and its impact on global economic stability could influence investor behavior and market trends. As a result, assets perceived as safe havens, like Bitcoin and precious metals, may see increased demand.